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Published January 26, 2021, 6:35 PM Digital transformation, e-Commerce, online selling these are the new buzzwords for micro, small, and medium enterprises (MSMEs) in adapting to the new normal. In keeping with the times, the much-awaited National Trade Fair is now accessible to anyone, from anywhere, through the Virtual National Trade Fair. Showcased at the event will be over 100 exhibitors in the following product categories: fashion accessories and wearables, food and beverages, gifts and souvenirs, health and wellness, and home and living. Designed mainly for B2B commerce, the exhibitors are looking forward to opportunities to do business with large institutional buyers like hotels and restaurants, supermarket chains, large corporate merchandisers, export consolidators, and also online resellers. ....
As of May 2019, 99.56 percent of business establishments in the country were MSMEs. From around 900,000 in 2017, it further grew to 1.42 million, 90 percent are essentially microenterprises with total assets of below P3 million and with less than 10 employees. Data from the Department of Trade and Industry (DTI) showed that about seven out of every 10 employed Filipinos work in an MSME-owned business.
The DTI estimated that in 2018, MSMEs were responsible for contributing 40 percent to the Gross Domestic Product (GDP), while providing 5.7 million jobs or 63.2 percent to the country’s workforce. Recognizing the MSME sector’s invaluable contributions to the economy and employment, the DTI launched the “Go Lokal” program, a free-market access platform for MSMEs supported by select retail partners. ....
Published December 16, 2020, 3:36 PM In lieu of the usual National Trade Fair (NTF) organized annually, the Department of Trade and Industry – Bureau of Domestic Trade Promotion (DTI-BDTP) is launching the NTF Digital Mall. This is in response to the unprecedented challenges faced by micro, small, and medium enterprises (MSMEs) during the COVID-19 pandemic, which has adversely impacted their operations. To help MSMEs future-proof their businesses as they pivot to online selling, the NTF Digital Mall is a platform that offers continuous promotion of the food and non-food products from the different regions, amid the physical restrictions of the pandemic. A project of the DTI-BDTP in collaboration with the DTI-Regional and Provincial Offices, the NTF Digital Mall is an e-commerce platform inside the UB GlobalLinker site. ....